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Gold and silver prices surged on Monday, as their safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank, with the crisis also sparking hopes the U.S. Federal Reserve would have to slam the brakes on its aggressive monetary policy.
Something Broke, but the Fed Is Still Expected to Go Through With Rate HikesMar 13, 2023 - 13:38:53 PDT
Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.
Mar 13, 2023 - 13:33:36 PDT
Steve Hanke, professor of applied economics at Johns Hopkins University, called for inflation to peak at 9% in the U.S. in 2022. He was right. Now, he's predicting that the Federal Reserve will overcorrect its tightening monetary policy, and dire consequences will follow.
SPECIAL REPORT: Silicon Valley Bank - How Worried Should We Be? | Joseph WangMar 13, 2023 - 13:22:31 PDT
The financial world has been rocked over the past few days as Silicon Valley Bank, the nation's 16th largest bank which had $209 billion in assets and $175 billion in deposits as of December, failed with little warning.
On Saturday, dozens of customers were shown lining up outside of a First Republic Bank in southern California, eager to withdraw their funds in the wake of the collapse of SVB this week.
Jeremy Grantham’s World of Super Bubbles Has No Soft Landings: BloombergMar 13, 2023 - 12:12:52 PDT
Federal Reserve policy has been a “horror show” ever since former Chair Paul Volcker stepped down in 1987, resulting in a series of bubbles and crashes, according to Jeremy Grantham, the co-founder of investment firm GMO.
Keynesians and other economists believe the central bank can influence economic growth via monetary policy but that it may bring inflation. Thus, if the goal is faster economic growth and lower unemployment, then the economy may pay the price with a higher inflation rate.
People say government is corrupt. If it were corrupt, it would be acting in ways contrary and detrimental to its purpose, and it would be possible to right the course. In truth, government acts in ways that befit its nature. Today’s governments are states ruling by legal coercion.
The second-largest collapse of a bank in recent history after Lehman Brothers could have been prevented. Now the impact is too large, and the contagion risk is difficult to measure.
Mar 13, 2023 - 11:49:21 PDT
The Fed (Bernanke, Yellen, Powell) kept rates too low for too long (their new moto?), and hell is now being paid. US financial conditions index collapsed on the 3 bank failures … so far. Desp…
Last June, during the European Central Bank forum, the host asked the chairman of the Federal Reserve about inflation.
Mar 13, 2023 - 11:43:06 PDT
The US system of Federal Home Loan Banks is ramping up the amount of cash it has available to deploy as the failure of several US lenders — including Silicon Valley Bank and Signature Bank — stokes expectations that more regional lenders will need to tap it for funds.
Mar 13, 2023 - 09:39:50 PDT
A plunge in the 2-year Treasury yield following SVB's meltdown suggests market expectations that the Fed will end its aggressive interest-rate hikes, according to Mohamed El-Erian.
Mike Maloney is here to reveal the truth about YOUR currency they don’t want you to hear… Mike breaks down exactly how central bankers and world leaders are conspiring against the public and pulling off the biggest scam in the history of mankind.
All together now. The Fed has been printing too much money for too long and Biden restricts fossil fuel production. Ad in rampant Federal spending and we have INFLATION. Inflation led to The Fed to…
Hello bailout fans, we have the Second Rescue of the Banking System in 15 Years.
Janet Yellen was purposely elusive on Face the Nation today, evading nearly every question asked.
Charles Schwab Shares Head For Worst Day Ever, Drop 20% As Fears of Banking Crisis DeepenMar 13, 2023 - 07:50:04 PDT
It would be Schwab's worst one-day sell-off ever if the decline is worse than the 19% it suffered in April 2000.
Mar 13, 2023 - 07:44:43 PDT
The bank sought to reassure frustrated customers that their accounts remained secure and said it was working to resolve the issue.
Silicon Valley Bank Imploded in a Single Day. It Could Be Just the Tip of the IcebergMar 13, 2023 - 07:40:39 PDT
It turns out getting easy money at rock-bottom interest rates can come back to bite you if you're careless. More firms are about to find that out.